Medical Devices Acquisitions in 2016

Tillery Capital, a family‑office structured private investment firm, completed a recapitalization of Electromedical Products International, Inc. (EPI), the maker of the Alpha‑Stim medical device, with the transaction closing June 30, 2016. EPI, headquartered in Mineral Wells, Texas, manufactures and sells the Alpha‑Stim device worldwide through independent representatives and distributors and markets to the U.S. Department of Defense and Veterans Affairs.

The Tecan Group announced the acquisition of US-based SPEware Corporation, a provider of mass spectrometry sample preparation solutions, to expand Tecan's dedicated solutions offering and recurring revenues from smart consumables. The deal includes a base cash purchase price of USD 50.0 million plus an earn-out of up to USD 10.0 million and is expected to be immediately accretive to EPS.

Cirtec Medical, a portfolio company of Century Park Capital Partners, has acquired Stellar Technologies, Inc., a Brooklyn Park, Minnesota-based precision machining and medical component manufacturer. The acquisition expands Cirtec's manufacturing capabilities—particularly in neuromodulation lead wire assemblies, electro-mechanical devices and delivery systems—and establishes a presence in Minnesota's "Medical Alley."

TouchPoint has acquired the Health Care Technology business of InterMetro Industries and formed a new platform, TouchPoint Medical, that combines the acquired product lines with TouchPoint's existing medical technology businesses. The acquisition expands TouchPoint Medical's offerings to include mobile computing workstations, automated medication dispensing equipment and mounting systems for hospitals, long-term care and other healthcare facilities.